The first problem I have to face is that baselayout-lite WON'T emerge (Package MASKED: "missing keyword"; according to gentoo's PPC handbook it means that the package is not properly tested on my architecture). I have added the line in the tutorial to portage keywords file, but it still won't emerge.
I tested it again on my system, works fine here. Also, check you didn't put the line in package.use or package.unmask by mistake... (I've done that a few times in the past!)
Amir